Flex Space with Garage
For Sale
$250,000
2343 Nazor Rd, Crestline, OH 44827
Adaptable commercial building with garage access, separate septic systems, and a residential-style interior.
Property Size4,520 SF
Price / SF$55.31
Days on Market63
Property Features for 2343 Nazor Rd
General Information
Standard status
Active
Size
4,520 SF
Taxes and HOA fees
Annual Taxes
$4,890
Listing Agency:
Sluss Realty
(419) 529-3047
Listed By:
Marc Sleeckx
(419) 571-4909
Source:
Exprealty
Added: Aug 14
Changed: Oct 9
Last Checked: Oct 14 at 11:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sluss Realty
Investment Insights
Based on property information with market context.
This flex space combines a commercial building configuration with a residential-style interior and two garage bays. The property offers substantial electrical capacity and two separate septic systems, supporting a range of business, storage, hobby, entertaining, and residential-oriented uses described for the building.
The building is located at 2343 Nazor Rd in Crestline, Ohio. Its combination of garage access, utility infrastructure, and mixed commercial-residential character distinguishes it from a conventional warehouse or purely residential property.
The building is located at 2343 Nazor Rd in Crestline, Ohio. Its combination of garage access, utility infrastructure, and mixed commercial-residential character distinguishes it from a conventional warehouse or purely residential property.
Key Highlights
- Two garage bays
- Two separate septic systems
- Substantial electrical capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,554
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,080
$451.1K
Cap Rate 7%
$322,200
$322.2K
Cap Rate 9%
$250,600
$250.6K
Market Conditions
NOI Build-Up for 4,520 SF
Gross rent
$29.0K $6.41/SF
− Vacancy
−$2.4K −$0.54/SF
EGI
$26.5K $5.87/SF
− OpEx
−$4.0K −$0.88/SF
NOI
$22.6K $4.99/SF
Area
Crawford County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,080
Cap Rate 7%
$322,200
Cap Rate 9%
$250,600
Alternative Uses
Best Use
Warehouse
$322.2K
$281.9K – $375.9K
NOI $22,554 @ 7.0% cap · market cap 9.02%
Second Best
Industrial
$265.3K
$232.2K – $309.6K
NOI $18,574 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$886.1K
$775.3K – $1.03M
NOI $62,025 @ 7.0% cap · market cap 24.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44827, OH
6,973
Population
3,564
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
48.5 sq mi
ZIP Area
144
Density / Sq Mi
$53,089
Median Household Income
$32,334
Median Earnings
$744
Median Rent
$111,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building with garage access, separate septic systems, and a residential-style interior.
Where is this flex space located?
The property is located at 2343 Nazor Rd Crestline, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two garage bays; Two separate septic systems; Substantial electrical capacity
